Appian Corp (NASDAQ:APPN) CFO Mark Steven Lynch sold 11,550 shares of Appian stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $41.79, for a total transaction of $482,674.50. Following the completion of the transaction, the chief financial officer now directly owns 16,950 shares of the company’s stock, valued at $708,340.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mark Steven Lynch also recently made the following trade(s):
- On Thursday, August 15th, Mark Steven Lynch sold 35,000 shares of Appian stock. The stock was sold at an average price of $56.01, for a total transaction of $1,960,350.00.
Shares of APPN traded up $0.88 during mid-day trading on Friday, reaching $41.95. The stock had a trading volume of 452,800 shares, compared to its average volume of 608,673. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -52.44 and a beta of 0.99. Appian Corp has a 12 month low of $24.03 and a 12 month high of $62.94. The business has a fifty day moving average of $46.11 and a 200 day moving average of $42.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.06.
Appian (NASDAQ:APPN) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.01. The business had revenue of $69.39 million during the quarter, compared to analyst estimates of $65.26 million. Appian had a negative net margin of 20.80% and a negative return on equity of 61.04%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) earnings per share. On average, research analysts forecast that Appian Corp will post -0.79 EPS for the current fiscal year.
A number of analysts have recently commented on APPN shares. Zacks Investment Research lowered shares of Appian from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Barclays set a $41.00 price target on shares of Appian and gave the stock a “hold” rating in a research note on Friday, August 9th. BidaskClub lowered shares of Appian from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine lowered shares of Appian from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, SunTrust Banks upped their price target on shares of Appian from $32.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $38.16.
Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its position in shares of Appian by 97.5% in the second quarter. BNP Paribas Arbitrage SA now owns 701 shares of the company’s stock worth $25,000 after purchasing an additional 346 shares during the period. Truvestments Capital LLC boosted its position in shares of Appian by 39.6% in the third quarter. Truvestments Capital LLC now owns 775 shares of the company’s stock worth $37,000 after purchasing an additional 220 shares during the period. Valeo Financial Advisors LLC boosted its position in shares of Appian by 83.3% in the second quarter. Valeo Financial Advisors LLC now owns 836 shares of the company’s stock worth $30,000 after purchasing an additional 380 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Appian by 1,432.7% in the third quarter. Tower Research Capital LLC TRC now owns 843 shares of the company’s stock worth $40,000 after purchasing an additional 788 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Appian by 750.0% in the second quarter. Captrust Financial Advisors now owns 1,275 shares of the company’s stock worth $46,000 after purchasing an additional 1,125 shares during the period. Institutional investors and hedge funds own 35.96% of the company’s stock.
Appian Company Profile
Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The company's platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured.
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